Massive Mid-Market/Tenderloin Development Closer to Reality

January 14, 2016

1066 Market Street Site

Shorenstein Residential’s proposal for a 304-unit building designed by Arquitectonica to rise up to 12-stories at Jones and Golden Gate Avenue, with a skinny twelve-story spur fronting Market Street, is closer to reality, with the 1066 Market Street plans having just received a Preliminary Mitigated Negative Declaration with respect to its expected environment impact, which is a good thing if you’re the developer.

1066 Market Street Rendering

In addition to the apartments, 36 of which are currently expected/required to be rented at below-market-rates, the Mid-Market development includes a subterranean garage for 102 cars and 304 bikes, and 4,500 square feet of retail space on the ground floor.

While not yet approved by San Francisco’s Planning Commission, Shorenstein has already filed the paperwork to secure the building permits for the development and construction is slated to take around 21 months to complete once the ground is broken.

And as massed in the Market Street rendering below, plans to raze the Hollywood Billiards building turned food ‘Hall’ at 1028 Market, and raise a 13-story building with 186 units, are in the works as well.

1066 Market Street Rendering - Market